Originally Posted by delphied
If someone invests the time and money into a business and cant afford to buy a new truck if they want it. Maybe its time for another line of work?
The question folks like that should be asking themselves, is how do we consider a loan something anybody can afford?
Do folks just look at the monthly payment and figure that's not so bad?
How do they justify 50 thousand dollars for a vehicle they won't drive for 10 years?
Even if they did drive it for 10 years we're talking 5 thousand a YEAR!
And they won't have it 10 years because folks like that, 3-4 years and they get another.
Then they need FULL coverage insurance for a vehicle that's in hock, yes, the bank requires it.
We haven't touched on maintenance.